Financial Systems

The Currency Markets Modeling Project has been ongoing
at New Mexico Tech since the beginning of 2004. An inter-disciplinary
team has developed a three-phase model of the currency market price-formation
process, which features detailed modeling efforts for order flow, the
simulated dealer market, and analysis of simulated price outputs. For
more information, please visit the Currency
Markets Modeling Project website.

Focusing on the US wholesale power market, the power trader simulation
investigates bidding strategies of traders in the wholesale power market
and examines how the price change occurs under different economic and
engineering environments. Developed by a team at New Mexico Tech, the
simulator has assisted in advancing the studies of financial systems at
ICASA. For more information on Power Trader, click
here.